Designer Reed Krakoff slashes the price of his Hamptons mansion; Jackie Kennedy Onassis spent her childhood summers there
A Hamptons mansion named Lasata – meaning: “Place of Peace” in Native American – where Jacqueline Bouvier (later Kennedy and later Kennedy Onassis) spent her childhood summers has recently been reduced in price from £41.5 million to £36.1 million.
Alternatively and more simply known as 121 Further Lane, the property concerned is situated in East Hampton and currently owned by the fashion designer Reed Krakoff and his wife Delphine. It extends to 8,500 square foot and includes 10 bedrooms and 10 bathrooms and stands on a plot of 11.54 acres.
Two blocks from the Atlantic Ocean and three blocks from the Maidstone Club, Lasata was built in 1917 to the designs of Arthur Jackson and bought by Jackie Bouvier’s paternal grandfather, John Vernou Bouvier Jr. (AKA ‘The Major’), in 1935. The future President’s wife is said to have learnt to ride there and aged ten, wrote a poem about her time at the estate:
When I go down to the sandy shore
I can think of nothing I want more
Than to live by the booming blue sea
As the seagulls flutter around about me
I can run about when the tide is out
With the wind and the sea all about
And the seagulls are swirling and diving for fish
Oh-to live by the sea is my only wish
The Arts and Crafts style property was subsequently sold and most recently bought by Mr and Mrs Krakoff for £15.3 million in 2007. The pair – whose other homes have variously included residences in Paris, New York’s Upper East Side and the former New Canaan, Connecticut residence of the eccentric recluse Huguette Clark – carried out extensive renovations and are said to be selling in order to move to a more contemporary beachfront Hamptons property.
Available as a whole or in two lots, Lasata is offered by Knight Frank.
121 Further Lane – The Numbers
April 2007 – Sold for £15.3 million ($20 million, €17.2 million or درهم73.5 million).
September 2016 – Listed for £41.47 million ($53.99 million, €46.44 million or درهم198.32 million).
May 2017 – Relisted for £39.9 million ($51.99 million, €44.72 million or درهم190.97 million).
June 2017 – Reduced to £36.1 million ($47 million, €40.4 million or درهم172.6 million).
